Dollar Weakness Supporting Equities | BDSwiss Market Moves on MT4

-US Rates According to a statement from Janet Yellen, interest rates are likely not going to return to pre-pandemic levels. Her message aligns with forecasts from the private sector. The Covid-19 pandemic triggered a wave of inflation supported by higher yields. Currently, the US-Dollar might be at a crossroads. In general, while it remains strong historically, it could lose further momentum against other currencies. -UK Housing Market The UK housing market has regained momentum, with an increase in the number of properties for sale and a rise in new buyers entering the market. A recent survey conducted by the Royal Institute of Chartered Surveyors also indicates a positive outlook. Interest rates in the UK are currently at their highest level in 16 years, leading economists to speculate about potential rate cuts later this year. The GBP remains strong against other currencies, particularly against the Greenback, as it recently broke through the technical resistance zone at . This breakout could signal further upside momentum. -JPY Performance The JPY has shown only slight momentum against other currencies. Despite recent statements from the Central Bank indicating that the Bank of Japan (BoJ) may soon depart from the negative interest-rate environment, the currency has not experienced a sharp increase. Instead, many economists believe that the JPY may see limited movement towards the end of this year. The JPY lost approximately 6% against the Dollar in the first two months of this year and has recently seen only slight gains. -Market Talk The markets still present a mixed picture regarding the further potential for the US-Dollar. The weakness in the Greenback appears to be continuing, with equities showing a strong upward trend. On the metals side, Silver has gained significant momentum, while safe-haven Gold is lagging behind. Gold seems to be capped below the technical resistance zone at USD 2,190. Meanwhile, Oil has broken to the upside and is currently working on clearing the psychological resistance area of USD . Bitcoin and ETH might be in for breather, where especially Ether is seemingly not ready to break the recent resistance zone. Check the UPCOMING WEBINARS here: • Download the BDSwiss iOS app: • Download the BDSwiss Android app: • Join our Telegram Channel: • Like us on Facebook: • Follow us on Twitter: • Follow us on LinkedIn: • Follow us on Instagram: • Subscribe to our Channel: Your capital is at risk. T&Cs apply.